The electricity distribution companies in the country have said the daily energy sent out by the generation companies has averaged 3,453 megawatts since the power sector was privatised in November 2013.
The Association of Nigeria Electricity Distributors, the umbrella body of the Discos, said in a statement on its website that the energy sent out had consistently fallen short of the Multi-Year Order Tariff 2015 generation assumptions governing the Discos’ operations and service delivery.
According to ANED, this huge deviation has dramatic consequences on the Nigerian electricity supply industry, especially for the Discos, as their revenue requirement assumptions are impossible to achieve by just receiving less energy than they are supposed to receive.
The Discos noted that the situation was worsened by the failure of the Nigerian Electricity Regulatory Commission to implement six minor reviews to “alleviate the energy volumetric risk associated with MYTO 2015 generation assumptions.”
Source: The Punch